BNP PARIBAS CSR STRATEGY
LAURENCE PESSEZ
GLOBAL HEAD OF CSR
28 September 2022
28 September 2022 | 2 |
Nov. 2010 | Nov. 2015 |
Oct. 2017 | May 2020 | May 2021 | Oct. 2021 | May 2022 |
First coal related | Doubled renewable |
policy with financing | energy commitment |
and investment | from €7bn in 2015 to |
restrictive criteria | €15bn in 2020 |
Commitment to invest | |
€100m in transition | |
start-ups | |
No further financing of | |
coal-fired power plants | |
in high income countries |
The first of the world's 35 largest banks to cease dealings with shale oil & gas (O&G) and tar sands companies
Commitment to cease | Commitment to net zero |
financing the thermal | by 2050 and signature of |
coal sector value | the Net-Zero Banking |
chain by 2030 in the | Alliance |
EU & OECD countries, | Initial interim commitment |
and by 2040 in the rest | to reduce credit exposure |
of the world | to O&G exploration & |
Publication of 1st | production activities by |
TCFD report | 10% between 2020 & 2025 |
Creation of the Low-Carbon Transition Group bringing together over 250 professionals worldwide to support & advise Corporate & Institutional clients on their transition to a sustainable & low-carboneconomy
Restriction of support to energy companies significantly involved in the Arctic2 & Amazon regions, in shale
O&G and tar sands3
Publication of 1st Alignment report
Commitment to assess & disclose the
GHG emissions of its financial portfolio in line with the PCAF4 Standard
Commitment to reduce credit exposure to Upstream O&G production activities by 12% between 2020 & 2025
Strong leading positions in sustainable finance | Pioneer in Sustainable Finance innovation | ||||
▪ World's best bank for Sustainable Finance 2022 award by | 1st financing | €3.6bn5 of green | EIPF6: 1st European | ||
Euromoney | of a Gigafactory | mortgages to | Real Estate impact | ||
fund to comply with | |||||
▪ #2 in sustainable bonds worldwide with €46.1bn1 | in Europe for | reduce energy | |||
the Paris Agreement | |||||
Northvolt | |||||
consumption | objectives | ||||
▪ #1 in green bonds in EMEA, #2 worldwide with €22bn1 | |||||
▪ #2 worldwide in ESG-linked loans with €26.8bn1 |
1. Dealogic as at 31/12/2021; 2. Definition of the Arctic region aligned with the Arctic Assessment & Monitoring Program (AMAP) except Norwegian-operated areas;
3. Exemptions to be granted to companies having the most credible transition plans towards net-zero by 2050 based on clear criteria; 4. Partnership for Carbon Accounting Financials; 5. As of end-2021; 6. European Impact Property Fund
28 September 2022 | 3 |
Board of Directors
- to approve the CSR strategy and the annual reporting (e.g. 2020 vigilance plan; 2021 NZBA membership)
- CGEN, Corporate Governance & Nominations Committee, extended its responsibilities to Ethics, Conduct and CSR in 2016
Executive Committee to validate the ESG strategy and Group
commitments
Sustainable Finance Strategic Committee
Sponsored by CEO Jean-Laurent Bonnafé, meets bi-monthly
Attendees: majority of Executive Committee's members + representatives of Clients Coverage + head of CSR
- to approve the overall strategy in terms of sustainable finance,
- to decide on the overall commitments made by the Group and the Sustainable Finance commercial policies,
- to monitor operational implementation
Sustainable Finance Infrastructure Committee
Chaired by the Group COO
Attendees: the Deputy Chief Executive Officer and key contributors from different business lines and functions.
- to industrialise ESG processes, data and reporting
ESG Regulatory Committee
- to assess the operational consequences of the main new regulations
Governing bodies covering
risk-related topics
CCDG
(General Management Credit Committee)
- procedure specifies CCDG will review all issues surrounding the acceptability of risks including ethics and CSR
GSCC
(Group Supervisory and Control Committee)
- to validate financing and investment policies
28 September 2022 | 4 |
Pillar | No. | Indicator | 2025 Objective | |
Our economic | responsibility | 1 | Amount of sustainable loans 1 | EUR 150 billion |
2 | Amount of sustainable bonds 2 | EUR 200 billion | ||
3 | Amount of sustainable investment and savings | EUR 300 billion | ||
(assets under management of article 8 & 9 SFDR funds) | ||||
Our social | responsibility | 4 | Share of women among the SMP population (Senior Management Position) | 40% |
5 | Number of solidarity hours performed by employees (#1MillionHours2Help) | 1 million hours (over two rolling | ||
years) | ||||
6 | Proportion of employees who completed at least four training courses during the previous | 90% | ||
twelve months | ||||
Our civic | responsibility | 7 | Number of beneficiaries of products and services supporting financial inclusion | 6 million beneficiaries |
Our environmental | responsibility | 8 | Amount of support for our clients in the transition to a low-carbon economy | EUR 200 billion |
9 | Amount of financing to companies contributing to protect terrestrial and marine biodiversity 3 | EUR 4 billion | ||
10 | Greenhouse gas emissions in tons of CO2 equivalent (tCO2eq) / full-time employees | 1.85 teqCO2/FTE | ||
(buildings kWh, including IT, + business trips) |
Group Sustainability and Incentive Scheme:
20% of more than 7,000 key employees' deferred variable compensation relies on the performance of the 10 CSR performance indicators
- Cumulative amount of sustainable loans for 2022-2025 related to environmental and social issues, originated by BNP Paribas and granted to its customers
- Cumulative amount of all types of sustainable bonds 2022-2025 (total amount divided by the number of bookrunners). 3 Loans and bonds contributing to the protection of terrestrial and marine biodiversity.
28 September 2022 | 5 |
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BNP Paribas SA published this content on 27 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2022 16:32:06 UTC.